Pakistan Cyber Force: Dollar

Thursday, July 24, 2014

Germany Leaving EU to Join BRICS as Anglo-American Empire Crumbles

A shocking new report prepared by the Ministry Of Foreign Affairs (MoFA) circulating in the Kremlin today states that Germany’s Federal Foreign Office (FFO) contacted Moscow this week requesting an accelerated membership course for their joining the BRICS economic community as they plan to leave the European Union (EU), a move Russian experts said would “spell doom” to the Obama regimes “dream of empire”.

BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China, and South Africa and as of 2013, the five BRICS countries represent almost 3 billion people with a combined nominal GDP of US$16.039 trillion and an estimated US$4 trillion in combined foreign reserves. As of 2014, the BRICS nations represented 18 percent of the world economy.

Opposing BRICS is a global financial system organized by the West and dominated by the US which forces nations to conduct their international business in the unstable US dollar, making their economies swing back and forth with the winds of policy crafted in Washington, D.C., and New York City.

The West has ceded influence in institutions like the World Bank and the International Monetary Fund (IMF) only grudgingly, and to the BRICS, today’s financial system is out of touch with the changing times, and ill-suited to support the world’s up-and-coming economic titans.

According to this report, Germany became “alarmed” this week after the Obama regime ordered the EU to “ignore and not comment on” the evidence provided by Russia relating to the Malaysian Airlines 17 flight shot down over Ukraine last week proving it was a “deliberate action” ordered by Kiev officials with CIA involvement.

German intelligence sources, this report continues, confirm their US counterpart’s assessment that Russia had no involvement in the downing of this aircraft and further confirm that the Obama regimes case using YouTube videos and Tweets to blame Russia is “unraveling like a cheap sweater” under the increasing realization that dubious social media-sourced evidence is essentially all there is.

Most damning about the Obama regime accusations against Russia relating to the downing of MH-17, this report says, were German intelligence confirmations that these same YouTube videos and Tweets seeking to prove Russian involvement have proven to be “manipulated” and, instead, prove Ukrainian military forces were to blame.

Important to note, MoFA experts in this report say, is that Germany in knowing of the coming showdown between the Obama regime and Russia, had secretly planned to join the BRICS nations economic bloc in 2011 when its Bundesbank (Central Bank of Germany) demanded a full repatriation of Germany's entire US$141 billion gold reserve from the US Federal Reserve where it was stored.

On 24 June 2014, this report continues, Germany was forced to give up on its plan to repatriate its gold from the US after being told by the Obama regime that it would only get its gold back in seven years, clearly showing that the US central banking cartel did something nefarious with the metal it had been entrusted to safeguard.

In countering the Obama regimes move, however, this report says, Germany withheld from being converted into Euros over US13 billion worth of its former currency Deutsche Marks, and since 2011 have had their printing presses working overtime printing more.

Making Germany’s move to BRICS and away from the Obama regime even more urgent, this report warns, are the Americans planned attack on the Bundesbank similar to their one on France’s largest bank BNP Paribas that was punished with a US$9 billion legal fee after France refused to cancel the Mistral warship shipment to Russia, and which promptly led Banque de France (French National Bank) head Christian Noyer to warn that “the days of the US Dollar as a reserve currency are numbered”.

Agreeing with Noyer, this report says, is Brazilian President Dilma Rousseff who stated last week at the start of the seventh summit of the BRICS nations that the five big emerging economies “are moving toward a new global architecture”; an economic structure Germany desperately needs as the “boomerang effect” of the Obama regimes sanctions on Russia are beginning to destroy the Germany economy.

Equally as critical behind Germany’s move to join BRICS, this report says, was the Obama regimes CIA spy ring uncovered spying on top German officials causing Germany to order the CIA station chief in Berlin to leave their country.

So alarmed has Germany become over the Obama regimes spying on them, Russian intelligence experts in this report say, their top government officials are now forced to store their smartphones and tablet computers when sensitive discussions take place, and typewriter sales are now surging in Germany too as CIA/NSA fears are forcing even of the most common of people to keep their secrets safe.

As to the American people themselves being aware of the catastrophically dangerous West-East struggle for global economic supremacy now ongoing, and with each passing day is leading to open conflict, this report doesn’t say.

However, in a recent poll conducted by Politico, it found that most Americans aren’t paying the least bit of attention to the war propaganda coming out of Washington…a deliberate ignorance they will surely pay for much sooner than later.

(WhatDoesItMean.com)

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Thursday, June 26, 2014

US Economy Collapses - Monstrous Negative Growth Rate Seals Demise of Dollar

For months the administration, financial pundits and Wall Street analysts made it a point to inform Americans about the healthy state of our economy. One of the key metrics they’ve used as proof of recovery was the Gross Domestic Product (GDP) which measures the productive output of the U.S. economy as a whole.
Earlier this year the U.S. Bureau of Economic Analysis noted that this measure was showing positive growth. But now, after a second official revision, all of that purported growth used to goad consumers into spending more money on homes, cars and other goods has been revealed to be nothing but conjecture. According to the BEA, not only did economic growth stall during the first quarter of 2014, it completely collapsed, signalling a significant shift in consumption habits amid increasing food and energy prices:

Real gross domestic product — the output of goods and services produced by labor and property located in the United States — decreased at an annual rate of 2.9 percent in the first quarter of 2014 according to the “third” estimate released by the Bureau of Economic Analysis.

The government first made consumers believe that the economy grew. Then they revised this down to slight negative growth. The latest revision of -2.9% growth is significant, because even with official inflation at over 2% America’s economic output has declined. It seems that no matter how much money they pump into the system, it isn’t enough to offset the lack of income or job growth.

This is a monstrous negative revision.
A big part of it was non-residential fixed investment. Rather than invest, companies have issued debt and bought back stock. But this does nothing for the economy — it simply blows a bubble in the market. How long before that comes home to roost? Not long now, I suspect.
If you think companies don’t expect a recession inbound, you’re nuts. Inventory draw-downs subtracted 1.7% from the GDP number. Companies don’t build inventories if they don’t think they can sell them — as such this is a forward indicator.
Oh, and current production profits? They’re down while current taxes were up. Obamacare anyone? Worse is that undistributed profits decreased too and this is the second quarter sequentially in which they did. What does a company pay dividends with? Undistributed profits.
So for two quarter the markets has risen like a rocket while the fuel for that rise has been exhausted for the last six months.
This will turn out well, I’m sure.
Source: Karl Denninger’s Market Ticker

Officially, we have not yet entered a recession. That requires two quarters of negative growth. However, the current trend indicates that’s exactly what’s going to happen. In the next 30 days the BEA should be releasing the GDP rate for the second quarter of 2014. According to economist John Williams that will more than likely show a negative print and will lead to an official confirmation that the U.S. has entered another recession.
What’s worse, unlike the previous recession that followed the collapse of 2008, there is no way out of this one.

The reason for this is that the consumer is strapped… doesn’t have the liquidity to fuel the growth in consumption.
Income… the median household income, net of inflation, is as low as it was in 1967. The average guy is not staying ahead of inflation.
…
As a result – personal consumption is more than two thirds of the economy – there’s no way you can have positive sustainable growth in the U.S. economy without the consumer being healthy.
…
As the renewed downturn gains wider acceptance or wider recognition, that will intensify the selling pressure. When someone starts selling, it’s going to be a race for the door, and I am looking for a dollar selling panic to be the trigger for the onset of hyperinflation.
…
I don’t see what will save it at this point.

To cries of fear mongering and ‘doom porn’ contrarian economists and analysts warned that these numbers were being fabricated, despite the fact the the underlying fundamentals showed a clear draw-down in consumer confidence, company inventory, home sales and overall spending.
Now all of those warnings are coming to pass.
We have entered the next leg down and given that the governments of the world have pretty much used up all of the arrows in their quivers, there is nothing to stop what’s coming.
And what’s coming is nothing short of a complete collapse of our way of life. Hard to believe? Yes. Implausible? No.
It is so plausible, in fact, that well known radio commentator Mark Levin recently noted that the U.S. government has been actively preparing for and simulating the collapse of our financial system, as well as the widespread violence that will follow.

I’ll tell you what I think they’re simulating.
The collapse of our financial system, the collapse of our society and the potential for widespread violence, looting, killing in the streets, because that’s what happens when an economy collapses.
I’m not talking about a recession. I’m talking about a collapse, when people are desperate, when they can’t get food or clothing, when they have no way of going from place to place, when they can’t protect themselves.
There aren’t enough police officers on the face of the earth to adequately handle a situation like that.

This is happening right here and now. The streets may not devolve into madness tomorrow or next month, but piece by piece the foundations of America’s economic health and social structure are crumbling. The time to finalize preparations for what’s coming is now.
It’s going to go from bad to worse.

(InfoWars.com)